Stop fooling yourself mate because ETF is just a joke and will never come to reality,for how many years we have seen the lots of ETF failure and until now failing is what this brings to the crypto world
It looks like the SEC is trying delaying tactics. They have no valid reason to reject the ETF approval. But then, they can't give a formal approval as well. This drama will continue for another two or three years, and go on until the applicants withdraw their application after getting frustrated with the lack of positive response from the SEC.
Well this is the only thing we can expect on them(SEC)
But lets see for what will happen in the years to come(hopefully there will be. A Positive traits